sreeche Started The Discussion:
as i checked in our portal(www.citehr.com) most of them given that the base ceiling for pf ( including admin charges and EDLI charges) was 6500/-.... my problem was with my pf agent he says that i need to calculate the Employer administrative charges @ 1.10% and EDLI admin charges @ 0.05% would be on complete basic .....

I too checked with EPFO web portal they didn't mentioned about any ceiling for admin charges.... plz guide me on this am in confusion.... what i need to take.

thanks for reply....
11th May 2009 From India, Bangalore

Admin charges will calculate on lesser total wages mean ( Which ever is less between total wages for PF and Total Wages for Pension)
11th May 2009 From India, Kota
Emplpyer admin charges on PF is 1.1% of basic wages including DA and cash allowance if any or RS6500 which ever is lower
Again Admin charges of EDLI is 0.01% of BAsic including DA and cash allowance if any or RS6500 which ever is lower


Shyamal
9311002446
10th April 2010 From India, Mumbai
SREECHE,
Plz. note that Adm. charges for PF should be on the salary on what contribution of PF of employee has been deducted.
2. Edli @0.5% should be on the salary keeping at the ceiling i.e.6500/- as well adm.chrges for Edli @0.01% also on the same.
For instance ur salary is Rs.10000/- then it will work out like this:
1 A/c. 1. 1200+659=1859
2. 2. = 110
3 10 = 541(on ceiling i.e.on 6500/-)
4. 21 = 33(on ceiling i.e.on 6500/-)
5. 22 = 2(this is minimum limit or on ceiling i.e.on 6500/-)
So, go as per above analogy which is as per rule.
Regards,
KIRAN KALE
13th September 2010 From India, Kolhapur
Dear Kiran Kale,

EDLI contribution is on central pooling basis. So calculate 0.5% & .01% on consolidated salary (subject to individual ceiling of Rs. 6500) of applicable employees and round to nearest rupee.

Abbas.P.S
17th September 2010 From India, Bangalore



 
 
 
 







Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network